double bottom in total chart will win and make the pattern
double bottom as usual but we will see huge sell after 7 days
Bottom
$PTON - Caught At Demand$PTON has started to look spicy after catching a bid at the supply zone from nearly a year back. This zone may finally mark a stable bottom for this freefalling ticker.
A strong breakout from our descending channel could likely catapult us over our overhead resistance.
This will be come of my top watches going into the new year.
Eth/USDT Binance +Elliot Wave and TargetsBINANCE:ETHUSDT
4 Hr Chart:
Trade Management:
Trade Entry: 123.90
Stop Loss: 122
Targets:
Target 1: 143.28
Target 2: 158.32
Target 3: 169.94
Risk/Reward ratio: 28.72
$UPST - Gap Fill SuccessfulOver the past couple of days, $UPST has regressed heavily and filled the gap it made back in August.
With Fed meetings over, and the newly bullish momentum in the markets, this name is primed to make a hefty reversal.
We have a small handful of resistances overhead, but I'm confident we'll be able to surpass them given enough bullish volume .
If we run hot enough, we even have a huge gap to fill above 270! I'll be keeping a close eye on this one heading into the new year.
ONG swingtrading swing support Supply Zone gap gapfill reversal bottom
EURJPYThe short may have already left without me, but i am more interested in buying from 127.500 area
Possible double bottom with plenty of liquidity for anyone who is currently long from that price area..
EURGBP Elliott Wave Analysis: Ending Diagonal Causes A ReversalHello traders!
EURGBP is coming higher for the last few weeks, after the pair moved to the lower side of a big 2016-2020 range. Notice that pair is coming higher after a five-wave drop on a daily chart where we see a bottom formation because of a wedge pattern in a fifth wave. Wedge, or ending diagonal, is a special type of a pattern that has a slow and choppy price action, with slow momentum and volume, which is normally indication that opposite move will occur, usually very strongly.
Notice that so far, we can see a price coming nicely out of a wedge so we should be aware of a higher prices, but possibly after intraday set-backs. Many times you will also notice that after an ending diagonal is finished, price will retrace back to the starting point of the pattern which in our case is at 0.8720.
Trade well!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
WOOUSDT - Long term entryHad a very long consolidation period with lower highs and higher lows, now almost back to the consolidation (order block) from before the move up.
A lower low in that consolidation zone with a divergence could give me a very nice (long-term) entry.
This consolidation zone also contains the POC (Point of Control) of the consolidation. This is where the most volume has been traded and thus is a place where historically bulls and bears fight for control.
Would be even more interesting in combination with a Bullish Divergence on the RSI.
Invalidation would be below 0.45.
ANKR possible breakoutHey everyone, welcome back.
I was checking out random coins and I saw this one, seems like we have made a double bottom and its ready to breakout.
as you know there are lots of random coins being pumped each day for 20 30 percent, they all have the same pattern, making a bottom and breaking a trend line.
Anyways, all the info available on chart, good luck.
* This is not a financial advice *
SOFI moving from bottomMassive flow coming into 07/15
Could have found a bottom
R:R is great and worth getting in at any pullback
CRSP Possible BottomCRSP is currently at key support and the 200 week moving average. This may be a possible bottom, however it is best to look for an entry on a lower time frame (4hr or 1hr chart) before entering. Bottoming patterns to look out for are inverted head and shoulders, double bottoms, and/or higher highs with higher lows.
PGR DailyNYSE:PGR may be ready to make a move.
Tested the bottom four times around $89.50 and it wouldn't break.
MACD just turned positive
Today's bar broke a trend line and closed above all the congestion from Nov
20 EMA crossed above the 50 EMA and they are both positive and accelerating.
When to buy LOTS of BitcoinPretty simple; when the price of BTC hits the 200 wk moving average, that has historically been the very bottom of each cycle. Buying the bottom is easier, more important, and more profitable that selling the exact top. Let me know what you think.
$ADA Bottom? #TraderSnek #Ada #CardanoBottom showing on 4hr and Daily. Hitting fib levels perfect, too. Looks spicy. Last time RSI was this low on both time frames = rocketship. Lots of FUD to this point, too.
Double Bottom on AUD/CAD @ W1This double bottom pattern has formed on the weekly chart of the AUD/CAD currency pair, signaling a potential reversal from the preceding downtrend. The two bottoms are marked with the yellow arcs; the neckline is marked with the yellow horizontal line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss (not shown on the chart) can be set to the low of the breakout candle or to the low of the preceding candle if the breakout candle trades mostly outside of the pattern's borders.
Quintuple Bottom on Raydium?FTX:RAYUSD looking pretty crazy, i cant remember if i have ever seen a quintuple Bottom on a Chart before. This could potentially confirm a bottom to traders and rn would be the lowest risk entry because its pretty easy to manage risk at this level. If RAY closes a daily candle or even a 4h below the $8.986 level, it will probably fall much lower. But since its a rock solid project and the biggest AMM on Solana i highly doubt it, at least it would be kinda devastating for the Solana ecosystem and signal weakness to investors.
Oscillators on all higher time frames looking primed for tremendous upside potential.
Bulls are getting ready in Silver?!?Yes, it seems like the bulls are getting ready to attack!
IF the silver price overcomes the 23.6 % Fib level and 50's MA with a sustained close around 23.30 USD, it would be time to fasten your seat belts.
IF XAG/USD doesn't overpower this critical resistance area and is making a move to the south, I would take another short trade into consideration. But this situation needs to be re-evaluated.
BLOK can Ascend Further.Hi every one
BLOK/USDT
BLOK has done a Impressive Movement lately but It seems This is only the Beginning! as you can see a Rounded Bottom is now Visible on the chart. This means The Price has a Chance to Increase Further as much as the Length Between The Top & The Bottom of the channel (Measured Price Movement). Since There is no Break out Yet,we can be sure about this Movement so we must wait for it to happen for Confirmation!
⚪Summery:
-BLOK Is in a Rounded Bottom
-Can Increase as much as the Measured Price movement!
-No break out yet!
🔴This is only an idea and not a financial advise (NFA)🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Have we reached the bottom yet???A brief analysis of $BTC YTD. Using a key support/trend line, we can conclude, it is possible we have not reached the bottom yet. We could see prices of $49-51K over the weekend.
This is a very strong shakeout and whales are in accumulation mode. The bears are getting to comfortable, the leveraged traders are getting liquidated, and INVESTORS are buying the dip! These shorts are about to get squeezed and I expect $BTC to rally to $100K very soon.
$US500 - S&P500 futures - COVID crash 2.0 or correction ..?- BREAKING NEWS -
According to WHO, the new covid strain is considered "serious"
Let's see what this is all about. Technically we are playing out a bearish divergence that has built up since we found that top on november 5th price kept sloping up, but momentum was fading. And news like today is a perfect catalyst to make such a divergence play out.
We have some sort of support/demand line coming in again, we created that support line, when we found the bottom of the sept/oct correction and even backtested it nicely couple days after.
I think coming back to that trendline is healthy for the market, and if market participants really buy that demand again, we might be up for an aggressive rallye. If we smash that demand line though, I think there could be a bit more downside to this.
I think, at the moment its well advised to have decent cash posotion on the sideline rdy to be put to work.
I will post a LONG setup, whenever there are signs that market might be rdy to run.
At the moment, I don't think that we will be fully crashing, but, if we break that demand line with high volume, and maybe even backtest it as new resistance, then a short might be something to think of.
Stay tuned, and please comment like and follow me if you can :)
BTC potiantal bottomTrend line, EMA, RSI support zone, fibonacci 0.5 level and previous swing high support zone its all here together. Im pretty sure BTC found bottom. Not a financial advice. Good luck!
Double bottom very bullish for CRODouble bottom formed for CRO at fib level. Would wait for confirmation above 0.8310 to buy in.
Is it time to invest in China?KWEB is a China technology based ETF.
Top 10 holdings by weight:
Tencent Holdings ~ 10.62%
Alibaba Group Holding ~ 10.32%
JD.com ~ 7.21%
Meituan ~ 6.99%
Pinduoduo Inc ~ 6.97%
NetEase Inc ~ 4.71%
Baidu Inc ~ 4.27%
Bilibili Inc ~ 3.83%
Trip.com Group ~ 3.82%
JD Health International ~ 3.32%
Fundamental Analysis
China’s stock market pullback this year has been in line with the average annual drawdown (approximately 30%); historically, this volatility has tended to produce double-digit annualized gains.
In terms of seasonality, over the past 20 years, October has been amongst the strongest months for the Chinese stock market.
Technical Analysis
The 50sma has been tested as resistance 3 times before. A breakout above the 50sma could signal a significant change in trend.
The RSI has shown a positive divergence, as the last three times, we tested the horizontal line (blue arrow), in each case RSI is showing higher lows.
